The diplomats are all having a conniption,and perhaps there are details which are damning and dangerous, but on the broader strokes nothing so far strikes me a particularly surprising. (The Arab states are more afraid of Iran than Israel? Uhm yeah.)

Anyway, as they say: developing ...

Per Guardian: Here's the cover of Der Spiegel's initial take of the story. Some of the captions attached to luminaries on the cover, taken from US embassy cables, include "Avoids risk, rarely creative" (for Angela Merkel) and, more intrguingly still, "Luxuriant blonde nurse" (Libya's Muammar Gaddafi). The English version of their story is here.